Bó, the challenger bank launched by the Royal Bank of Scotland (RBS) last November, is replacing all the cards it released to customers before 3 January 2020 due to an authentication issue. First spotted by AltFi, the neobank told customers in a post published at the end of January that the new card will ensure “stronger identity checks”. The post cites new regulations for cancelling the bulk of its cards issued so far, including the second Payment Services Directive (PSD2) and Strong Customer Authentication (SCA), which came into force in January 2018 and September 2019 respectively. A spokesperson from RBS…
RBS neobank Bó reissues cards due to authentication issue
RBS neobank Bó reissues cards due to authentication issue
